El Salvador redistributed its bitcoin reserves to 14 new portfolio headings as a preventive measure against possible quantum computing threats.
“By dividing the money into smaller amounts, the effect of a potential quantum attack is reduced,” Bitcoin office in El Salvador He said In the X post on Friday, adding that each Bitcoin (BTC) carries up to 500 BTC.
Bitcoin’s office explained that once the money is spent from Bitcoin, its general keys are revealed and weak – making it a target for quantum computers to break – in the event of technology development to a great threat in the future.
Eleven in April said in April
Onchain transfers have been performed
El Salvador had previously kept 6,274 Bitcoin Stash ($ 678 million) in one address, but Blockchain data shows that these funds were transferred to 14 new addresses on Friday.
Quantity is not a source of concern, at the present time
While Al Salvador’s move was praised by industry makers, the 11th project indicated that quantum computing is still far from being able to penetrate bitcoin. The Bitcoin key contains 256 bits, and none of the Cantum Computer algorithm that operates the 3 -bit switch so far.
Michael Sailor, architect behind the Playbook Bitcoin’s Strategy, said that Bitcoin’s quantum computing is just noise in June, adding that if it becomes a serious problem at all, the main developers of the protocol and hardware manufacturers will implement repairs.
“The answer is: Bitcoin network upgrade, bitcoin network upgrade, just like Microsoft, Google, US government upgrade.”
El Salvador is still intertwined in the International Monetary Fund drama
Bitcoin’s purchase from El Salvador was questioned after the report of international cash funds in July that the Central American country has not bought any new bits for Bitcoin since February.
Related to: El Salvador interacts with a 1B Bitcoin Bitcoin in Kalshi
The Bitcoin office in the country did not address the country’s demands directly and continued to publish Bitcoin purchases on X.
El Salvador obtained a $ 1.4 billion financing deal from the International Monetary Fund in December 2024 against the expansion of its Bitcoin initiatives, among other conditions – although the conditions appear under a conflict between the two parties.
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The post El Salvador Splits Bitcoin Into Several Wallets Amid Quantum Risk first appeared on Investorempires.com.
